According to Mr. Wasantha Athukorala, professor of economics and statistics at Peradeniya University, a family’s tax burden in Sri Lanka has risen to 28,000 rupees.
In an interview with the media, he stated that the tax burden has increased due to the government’s indirect taxation.
The professor went on to say the following.
In Sri Lanka, inflation remains high. The main cause of this inflation is the government’s enormous number of indirect taxes. We performed research on this and discovered that the average tax burden in Sri Lanka has increased by 42% by 2022 compared to 2021. As a result, the typical family’s tax burden has risen to 28,000 rupees. Indirect tax analysis is more significant.
This is due to the fact that indirect tax analysis has an effect on the pricing of products and services in some way. On the other hand, everyone is required to pay those taxes when purchasing services and goods.
